06 June 2014

Pantai Sentral Park in Bukit Kerinchi has GDV of RM2.5bil

06 June 2014

By THE STAR
KUALA LUMPUR: IJM Land Bhd has unveiled its latest property offering, Pantai Sentral Park, a mixed development project that will sit on 23.5ha of prime land in Bukit Kerinchi. It will have a gross development value (GDV) of RM2.5bil.
Chief executive officer and managing director Datuk Soam Heng Choon said that phase 1, comprising a 211-unit residential condominium known as Inwood Residences, would be launched by the month-end.
He said prices had yet to be fixed, but the cost per sq ft was expected to be around RM700, with built-ups ranging from 1,140 to 1,974 sq ft for its two-to-four plus one bedroom units.
“Earthworks have already started and we are aiming for Inwood Residences to be completed in around 3½ years. The construction of a dedicated ramp from the New Pantai Expressway will also be done in tandem with Inwood,” he said at a media briefing yesterday, adding that the ramp would cost RM50mil.
He said the next residential phase launch would be around four to five months later, elaborating that the entire township would eventually consist of seven residential and six commercial phases.
Along with its joint-venture partner Amona Development Sdn Bhd, IJM Land expects to complete the project, which would be able to accommodate around 15,000 residents, within 10 to 15 years.
Touting it as Kuala Lumpur’s one and only urban forest city, Soam noted that one of Pantai Sentral Park’s highlights included a linear forest walk that would allow residents direct access to the 81ha forest.
“It has been designed to maintain the natural landscape of the area, so development activity does not change the geological landfall and water course,” he said.
Soam said IJM Land had already received around 15,000 registrations of interest for the project.
He said 432 affordable housing apartment units would also be launched at Pantai Sentral Park in future, adding that they were expected to be priced at around RM250,000 to RM300,000.
IJM Land will be launching RM3bil worth of projects this year.
The IJM Land Prime Property Investment Showcase will take place from today until Sunday from 10am to 10pm at Symphony Lake Suite, KLCC Park.

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